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Brokerages have assigned a consensus rating of “Hold” to Douglas Emmett, Inc. (NYSE:DEI).

Brokerages have assigned a consensus rating of “Hold” to Douglas Emmett, Inc. (NYSE:DEI).

According to Bloomberg, the nine different brokerages that are following the stock of Douglas Emmett, Inc. (NYSE: DEI) have concluded that investors should “hold” their positions in the company’s shares and have given the stock a rating of “hold.” The analysts who have provided feedback on the stock have assigned four hold ratings, one buy, one sell, and three hold ratings, respectively. The stock is expected to have a price of $22.00 per share over the next 12 months, according to the average price target set by brokerages that have recently covered it.
Several specialists in the stock market have offered their perspectives on DEI shares. In a research note published on October 18th, Raymond James lowered their “outperform” rating and their price objective on Douglas Emmett, which had previously been $28.00, to $23.00. This change occurred due to the company’s expectation that the stock would continue to perform poorly. Credit Suisse Group revealed in a research note released on Thursday, October 20th, that they have decreased their price goal on Douglas Emmett to $22.00. Piper Sandler decreased its price objective for Douglas Emmett from $30.00 to $19.00 in a research report published on Friday, October 7th. In addition, Piper Sandler lowered their rating of the company from “overweight” to “neutral” after conducting further research. Citigroup assigned a “neutral” rating to the company and lowered their price objective on Douglas Emmett from $17.00 to $16.00 in a research note released on December 12th. The price target had been set at $17.00 previously. In a research report released on Monday, January 2nd, Jefferies Financial Group finally lowered their price objective on Douglas Emmett from $17.00 to $13.00. It downgraded the stock from a “hold” rating to an “underperform” rating. Both of these actions were taken in response to recent market developments.
In recent months, several institutional investors have rebalanced their investment portfolios by shifting the percentage of their stock holdings. The Bank of New York Mellon Corporation increased the amount of Douglas Emmett stock owned by 4.7% during the third quarter. After purchasing an additional 91,785 shares during the most recent quarter, the Bank of New York Mellon Corp. owns a total of 2,054,673 shares of the real estate investment trust. The current value of these shares is $36,841,000. The Teachers Retirement System of Kentucky made a brand-new investment in Douglas Emmett worth 1,251,000 dollars during the third quarter of this year. The value of Balyasny Asset Management LLC’s holdings in Douglas Emmett increased by 280.9% during the third quarter compared to the previous quarter’s value. At present, Balyasny Asset Management LLC is the owner of a total of 61,886 real estate investment trust shares, which have a value of $1,109,000. Since the end of the preceding quarter, this represents an increase of 45,638 shares in the company’s stock. During the third quarter, Jane Street Group LLC spent approximately $538,000 to purchase an additional stake in Douglas Emmett.
Last but not least, during the third quarter, BNP Paribas Arbitrage SNC increased the Douglas Emmett stock owned by 118.1%. This certainly should not be considered the least important item. BNP Paribas Arbitrage SNC now has 52,106 shares of the real estate investment trust following the purchase of an additional 28,215 shares during the most recent quarter. When added together, the value of these shares comes to a total of $934,000. The majority of the company’s stock, or 97.25 percent, is held in the hands of institutional investors.
On Friday, the opening price for a share of Douglas Emmett was $15.36. Trading began that day. The price of the stock’s moving average over the past fifty days is $16.31; over the past two hundred days, it has been $19.04, respectively. The company has a current market capitalization of $2.70 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.39, and a beta value of 0.89. The ratio of price growth to earnings growth is 1.39. The current ratio to the quick ratio is 2.54, the quick ratio to the current ratio is also 2.54, and so on. The ratio of debt to equity is 1.21. During the past 52 weeks, the price of Douglas Emmett has fluctuated between a low of $14.72 and a high of $36.97 at various points.
In addition, the corporation has declared a quarterly dividend, which will be paid out on the 18th of this month. On December 30th, the record date for dividend eligibility, shareholders who own shares will be eligible to receive dividend payments of $0.19 per share. This translates into a dividend payment of $0.76 per share, giving the company a yield of 4.95% when calculated on an annualized basis. December 29th, a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. The payout ratio for Douglas Emmett is currently at 146.16 percent.
One of the most prominent owners and operators of premium office and multifamily properties in Honolulu and Los Angeles’ most prestigious coastal submarkets is Douglas Emmett, Inc. (DEI), a fully integrated, self-managed, and self-administered real estate investment trust (REIT). These real estate holdings are situated in Honolulu and Los Angeles. The goal of Douglas Emmett is to own and acquire a significant percentage of premium office buildings, multifamily complexes, luxury executive housing, and key lifestyle facilities in regions with significant supply limits. This is the company’s primary focus. These types of real estate are in high demand in these parts of the country.


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